X is officially worth less than half of what Elon Musk paid for it
X is officially worth less than half of what Elon Musk paid for it
A steep drop from Musk’s $44 billion purchase price.
A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let's recap what he did to Twitter, I will go first:
- Changed the original name Twitter to X.
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I'm sure the value will come back. Valuing X at $19B puts the value of the whole alphabet at $500B, which seems low for an established technology which has been in continuous use since before the time of the Roman Empire.
The US GDP is $24 trillion, and all the financial reports supporting that valuation use the Roman Alphabet. The Alphabet is essential to justifying the value of the entire US Economy. I think it's reasonable to value the worth of the alphabet at 8% of GDP, which would give X a fair value of $74B.
See, haters? Elon really is a financial genius. Numbers don't lie.
Actually, Alphabet is currently valued at 1.56 trillion dollars.
Wow X, you suck: Pull your weight! Look at how much the other letters are worth!
Come on. Obviously not all letters in the alphabet are worth the same. X is not that popular even if you take into account its different uses like ':x', 'xoxo' or 'xxx'. Not that many words use x and if one day it collapses and becomes unavailable you can just substitute it with 'ks' like 'seks' or 'meksican'.
The meat of those financial reports rely on Arabic Numerals and everything is OK over there, right?